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Bajaj Allianz Life Elite Assure

A Non-Linked Participating Individual Life Insurance Savings Plan

Attractive return on investment and life cover
Guaranteed loyalty additions
Multiple rider benefits
Option of regular or limited payment terms
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  • Overview

  • Key Advantages

  • How this works

  • Eligibility

  • Downloads

  • Sample Illustration

  • Policy Benefits

You wish to achieve success in everything that you cherish to do. Life is all about choices and choosing the right option. It’s obvious that you plan your life as well as your finances to complement the best for all seasons. It is thus essential to have a balanced savings portfolio across all asset types, hence the option of life cover with an attractive return always stands tall.

Presenting Bajaj Allianz Life Elite Assure, a non linked participating, life, regular and limited premium payment individual savings plan that offers a lumpsum amount at maturity while protecting your family.

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Loan Facility

Under this plan, the life assured can avail loan up to 90% of the surrendered value.

Balance of life cover and attractive returns

Enjoy potentially attractive returns from your investment, as the product comes with guaranteed maturity benefit (GMB), guaranteed loyalty additions, and bonuses, along with a life cover.

Guaranteed Loyalty Additions

Depending on the premium payment term and policy term, the policy offers guaranteed loyalty additions of up to 315% of the GMB.

Multiple Policy Terms

It offers multiple policy terms of 15, 20, 25 and 30 years.

Two options for Premium Payment Term

You can either pay a regular premium over the full policy term or pay the premium for a limited period of 5, 7 or 10 years.

Multiple Rider Options

Option to enhance your cover by opting for one or more riders from the five available under the policy at a nominal extra cost.

High Sum Assured Rebate

This plan offers a premium rebate if the chosen GMB is greater than ₹ 5 lakh.

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Choose your Policy Term

You can customize your policy to suit your requirement

Choose your Premium Paying Term
Choose your Premium Payment Frequency
Choose your Guaranteed Maturity Benefit (GMB)

(Your premium will be based on GMB, age, policy term, premium payment term and premium payment frequency. Your Sum Assured is 10 times of Annualised Premium)

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Entry Age

Minimum age is 0 year

 

Risk cover will commence immediately on the date of commencement of risk of the policy and, in the case of a minor life, policy will vest on the life assured on the earlier of attainment of majority (i.e., 18 years age last birthday) or on maturity date

 

Maximum age is 55 years

Maturity Age

Minimum Age at Maturity is 18 years

Maximum Age at Maturity is 70 years

Policy Term

15, 20, 25 and 30 years

Premium Paying Term

 

5, 7, 10 & equal to Policy Term

Premium

Minimum Premium

Mode

Yearly

Half-Yearly

Quarterly

Monthly

Premium₹

₹50,000

₹25,500

₹13,000

₹4,500

Maximum Premium

No limit, subject to the prevailing Board approved underwriting guidelines

Sum Assured

10 times of Annualized Premium

Guaranteed Maturity Benefit (GMB)

Minimum: ₹ 3,00,000

Maximum: No Limit

Premium Payment Frequency

Yearly, Half yearly, Quarterly and Monthly#

#The monthly mode will be allowed only under salary deduction scheme and ECS

- Maximum Sum Assured will be subject to the prevailing Board approved underwriting guidelines
- All ages mentioned above are age as on last birthday.
- The product is available for sale through online mode

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Brochure

Download

Policy Document

Download

Customer Information Sheet

Download
  • Maturity Benefit
  • Death Benefit

He has taken Bajaj Allianz Life Elite Assure and opted for a policy term and premium paying term of 25 years. He chose a GMB of ₹ 6,00,000, for which he would be paying a premium of ₹ 58,952 yearly. Sum Assured = 10 times of Annualised Premium* = ₹ 5,89,520 *Annualized Premium is exclusive of extra premium, rider premium and Goods and Service Tax, if any

Naresh, 30 years old

The Maturity Benefit based on the assumed investment return, are given in below table :
Policy Term: 25 Years

 

At  Assumed investment return**

Guaranteed Maturity Benefit (GMB)

Guaranteed Loyalty Additions (GLA)

Vested Bonus(if any) (VB)

Total

@8%

₹6,00,000

₹14,40,000

₹15,56,274

₹35,96,274

@4%

₹6,00,000

₹14,40,000

-

₹20,40,000

Note:
Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws and any extra premium.

**The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

Vested Bonus (if any ) at the assumed investment return is not guaranteed and is for illustrative purpose only.

The Maturity Benefit demonstrated at 4% and 8% does not include Terminal Bonus (if any). Terminal Bonus (if any) , shall become payable along with Maturity Benefit.

He has taken Bajaj Allianz Life Elite Assure and opted for a policy term and premium paying term of 25 years. He chose a GMB of ₹ 6,00,000, for which he would be paying a premium of ₹ 58,952 yearly. Sum Assured = 10 times of Annualised Premium* = ₹ 5,89,520 *Annualized Premium is exclusive of extra premium, rider premium and Goods and Service Tax, if any

Naresh, 30 years old

In case of unfortunate death of Naresh during the 17th policy year, the Death Benefit based on the assumed investment return, are given in below table :
Policy Term: 25 Years

 

At Assumed investment return**

Guaranteed Maturity Benefit (GMB)

Guaranteed Loyalty Additions (GLA)

Vested Bonus (if any)(VB)

Total

@8%

₹6,00,000

₹7,20,000

₹8,31,947

₹21,51,947

@4%

₹6,00,000

₹7,20,000

-

₹13,20,000

Note:
Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws and any extra premium.

**The returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

Vested Bonus (if any) at the assumed investment return is not guaranteed and is for illustrative purpose only.

The death Benefit demonstrated at 4% and 8% does not include Terminal Bonus (if any). Terminal Bonus (if any), shall become payable along with Death Benefit.

Maturity Benefit

The Maturity Benefit is Guaranteed Maturity Benefit (GMB) plus Guaranteed Loyalty Additions (GLA) plus Vested Bonus (if any)(VB) plus Interim Bonus (IB), if any, plus Terminal Bonus (TB), if any. VB as declared, will be attached every policy year starting from your first policy year

  • GLA, as % of GMB, will be attached to the policy at the end of each policy year starting from the end of 10th policy year.

  • GLA, as % of GMB and the total GLA payable at maturity depends on the premium payment term and policy term chosen as shown in the table below:

Premium Payment Term (years)5 71015202530
Policy Term (years)15202530152025301520253015202530
Guaranteed Loyalty Additions3%3%3%3%3%3%3%3%7%7%7%7%15%15%15%15%
Total Guaranteed Loyalty Additions  18%33%48%63%18%33%48%63%42%77%112%147%90%165%240%315%

Death Benefit

If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the policy term, the death benefit payable will be Sum Assured on Death1 plus Guaranteed Loyalty Additions plus Vested Bonus (if any) plus Interim Bonus ( if any) plus, Terminal Bonus (if any), subject to Guaranteed Death Benefit of 105% of the total premiums* paid till the date of death.

1 Sum Assured on Death is the higher of:

  • Guaranteed Maturity Benefit

  • Sum Assured

* Total premium is exclusive of extra premium, rider premium, Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws.

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Why Bajaj Allianz Life Insurance ?

99.29%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1,23,734 Cr
Assets Under Management (AUM)**
3.85 Cr
Number of Lives Covered#
359%
Solvency Ratio of 359%^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices | $For details refer to press release published by CARE | **All figures as on 31 March, 2025 | ^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | #Individual & Group as on 31 March, 2025

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Customer Speaks

Happy with the services
I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.
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5
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I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.
Shrikant A Karande
5
Happy with the returns
I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.
Kavita Goplani
5
Very Happy
I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.
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5

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

© Copyright 2023. Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department
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Sales: 1800-209-4040 (Toll Free) | Service: 1800-209-7272 (Toll free)

Email: customercare@bajajallianz.co.in

Registered Office Address

Bajaj Allianz House, Airport Road, 

Yerwada, Pune, Maharashtra - 411006

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© Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo.

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Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

1©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

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